Hamai Industries (6497) Q4 2024 earnings summary

Executive summary

• Revenue increased 8.6% year-over-year to ¥12,092 million, driven by recovery in LPG container valves, price hikes, and special demand in automotive and semiconductor sectors.

• Operating profit rose 9.4% to ¥1,117 million, but net income attributable to shareholders fell 56.4% to ¥396 million due to a ¥454 million antitrust penalty.

• Cash and equivalents at year-end decreased 4.7% to ¥4,359 million.

Financial highlights

• Gross profit increased to ¥2,330 million from ¥2,247 million year-over-year.

• Operating margin was 9.2%, up from 9.2% the previous year.

• Net margin dropped to 3.3% from 8.2% due to the one-time penalty.

• EPS was ¥59.23, down from ¥136.04 year-over-year.

Outlook and guidance

• FY2025 guidance: revenue ¥12,300 million (+1.7%), operating profit ¥1,050 million (–6.1%), net income ¥800 million (+101.6%).

• Second half expected to see stable sales but lower operating profit due to normalization after special demand.